You can retire early if you meet three conditions at the same time: 1, men over 50 years old and women over 45 years old; 2. The payment period is 15 years (including deemed payment period) and above, of which the payment period in state-owned and collective enterprises is 10 years (including deemed payment period) and above; 3. After the expiration of medical treatment due to illness (non-work-related injury), it still fails to work normally after treatment in accordance with the Notice on the Provisions of Medical Treatment Period for Enterprise Employees with Illness or Non-work-related Injury (No.479 issued by the Labor Department [1994]).
The legal retirement age in China is 60 for men and 55 for women. If you don't reach this age, you are not allowed to retire early. The state proposes to postpone the retirement age, which is based on the comprehensive consideration of the retirement and work needs of the whole country. There are actually two types of people who can apply for early retirement. One is the loss of working ability due to physical reasons, and such people can apply for early retirement. The other kind is special work. They were originally engaged in the special work of the country. When they reach a certain age, they can also choose to retire early. If you belong to one of these two categories, you can decide according to your own situation, but you have to pay social security 15 years, which is the lowest, because your physical condition has no age limit, you can retire no matter how old you are, but there is an age limit for special jobs. The pension received from the expanded data is divided into two parts, one is the basic pension and the other is the personal account pension. There is a prerequisite when you receive it, that is, you must reach the legal retirement age, and the payment exceeds 15 years, and the pension is paid monthly. The basic pension is equal to (the average monthly salary of employees in the city in that year) ÷2× payment period × 1. Last year, the average monthly salary of employees in the city × the average payment index of employees in the city, in which the average payment index of employees is equal to the average monthly salary of employees in the city in that month, with the lower limit of 0.6 and the upper limit of 0. Then the second part of our pension is personal account pension, which is equal to the amount of personal account storage. The amount of personal account is equal to monthly salary ×8× 12 months × payment period. The earlier you retire, the more months you have, and the less money you get each month.